The altcoin market, after experiencing significant highs in 2024 with a peak of over $1.27 trillion in March, started showing a bearish trend, leading to a decrease in optimism among investors. The market seemed to be on a steady decline, causing concerns among stakeholders.
However, a shift in market sentiment has been reported by renowned crypto analyst Moustache. He has identified a key bullish indicator using the Altcoin Season Index, suggesting that the much-anticipated Altcoin Season might be around the corner.